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Topic: How to explain google trends vs BTC/USD ratio? - page 2. (Read 4464 times)

sr. member
Activity: 377
Merit: 253
September 01, 2013, 12:47:49 PM
#6
Trade volume is in agreement with Google trends.



Good remark.
hero member
Activity: 955
Merit: 1002
September 01, 2013, 12:45:27 PM
#5
Because the Google trend is absolute whereas bitcoin price is cumulative.
The current value of bitcoin is an expression of all previous price activity - the google trend is just what happens each day.


legendary
Activity: 947
Merit: 1042
Hamster ate my bitcoin
September 01, 2013, 12:38:30 PM
#4
Trade volume is in agreement with Google trends.

legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
September 01, 2013, 12:34:02 PM
#3
Breakaway...nice.  Smiley
legendary
Activity: 1792
Merit: 1000
September 01, 2013, 12:26:16 PM
#2
That looks like a breakaway from relying on media hype and a move towards legitimacy to me Smiley
sr. member
Activity: 377
Merit: 253
September 01, 2013, 12:21:52 PM
#1
How could we explain this spread between btc price and google trends.
Do you think that bitcoin is temporary overvalued?
Do you suspect correction?

PIC:

Hope you will understand what is what.
Blue is google trends, two other lines are mtgox and bitstamp USD prices.
Volumes of those two visible but hardly readable.
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